VET-USD vs. DOGE-USD
VET-USD (VeChain) and DOGE-USD (Dogecoin) are both cryptocurrencies. Over the past 5 years, VET-USD returned -48.24%/yr vs -25.94%/yr for DOGE-USD. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
VET-USD vs. DOGE-USD - Performance Comparison
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Returns By Period
In the year-to-date period, VET-USD achieves a -54.08% return, which is significantly lower than DOGE-USD's -29.36% return.
VET-USD
- 1D
- -10.49%
- 1M
- -38.08%
- YTD
- -54.08%
- 6M
- -62.12%
- 1Y
- -78.89%
- 3Y*
- -36.75%
- 5Y*
- -48.24%
- 10Y*
- —
DOGE-USD
- 1D
- -6.38%
- 1M
- -26.34%
- YTD
- -29.36%
- 6M
- -40.66%
- 1Y
- -51.61%
- 3Y*
- 5.63%
- 5Y*
- -25.94%
- 10Y*
- —
VET-USD vs. DOGE-USD - Yearly Performance Comparison
Correlation
The correlation between VET-USD and DOGE-USD is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 4, 2018 | 0.66 |
Over the past year, VET-USD and DOGE-USD have become more correlated (0.86) than their long-term average of 0.66, meaning their price movements have been converging.
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Return for Risk
VET-USD vs. DOGE-USD — Risk / Return Rank
VET-USD
DOGE-USD
VET-USD vs. DOGE-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VeChain (VET-USD) and Dogecoin (DOGE-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| VET-USD | DOGE-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.93 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.72 | -0.23 |
| Martin ratioReturn relative to average drawdown | -1.47 | -1.07 | -0.39 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VET-USD | DOGE-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.65 | -0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.54 | -0.27 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.12 | -0.25 |
Drawdowns
VET-USD vs. DOGE-USD - Drawdown Comparison
The maximum VET-USD drawdown since its inception was -98.12%, which is greater than DOGE-USD's maximum drawdown of -92.29%. Use the drawdown chart below to compare losses from any high point for VET-USD and DOGE-USD.
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Drawdown Indicators
| VET-USD | DOGE-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.12% | -92.29% | -5.83% |
Max Drawdown (1Y)Largest decline over 1 year | -83.16% | -71.39% | -11.77% |
Max Drawdown (3Y)Largest decline over 3 years | -93.89% | -82.26% | -11.63% |
Max Drawdown (5Y)Largest decline over 5 years | -97.28% | -84.63% | -12.65% |
Current DrawdownCurrent decline from peak | -98.12% | -87.91% | -10.21% |
Average DrawdownAverage peak-to-trough decline | -73.62% | -75.12% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.79% | 53.35% | +4.44% |
Volatility
VET-USD vs. DOGE-USD - Volatility Comparison
VeChain (VET-USD) has a higher volatility of 19.36% compared to Dogecoin (DOGE-USD) at 14.30%. This indicates that VET-USD's price experiences larger fluctuations and is considered to be riskier than DOGE-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VET-USD | DOGE-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.36% | 14.30% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 49.33% | 48.56% | +0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.42% | 66.23% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.89% | 79.04% | -4.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.78% | 761.37% | -670.59% |
Frequently Asked Questions
VET-USD and DOGE-USD have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VET-USD has higher volatility (19.36%) compared to DOGE-USD (14.30%). In terms of maximum drawdown, VET-USD dropped -98.12% vs DOGE-USD's -92.29%.
DOGE-USD currently has the higher Sharpe Ratio (-0.65 vs -1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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